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Monzo Bank Ltd Annual Report & Group Financial …

29 February 2020 Registered number: 09446231 Registered office: Broadwalk House 5 Appold Street London EC2A 2 AGMonzo Bank LtdAnnual Report & Group Financial Statements 202003 Strategic report04 Who we are and why we re here05 History06 Monzo at a glance07 Our Board team11 Our Executive team12 Chair s review14 President s review16 Chief Executive s review17 Our statement on COVID-1920 Our business model and strategy22 A review of our performance30 Risk management at Monzo44 Governance at Monzo55 Non- Financial Reporting requirements58 Our approach to the environment59 Our approach to people66 Our community and social matters69 Respect for human rights, anti-corruption and anti-bribery71 Group Directors report77 Statement of Directors responsibilities79 Independent auditor s report91 Statement of comprehensive income93 Statement of Financial position95 Statement of changes in equity97 Statement of cash flows99 Notes to the Financial statements What s in this Report ?

group operating across the UK and the Republic of Ireland for 11 years. External Appointments: Fiona McBain is the Chair of Scottish Mortgage Investment Trust plc and also serves as an independent non-executive director of Dixons Carphone plc and Direct Line Insurance Group plc. Eileen Burbidge Investor Non-Executive Director

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